Model N | Partner Portal - pharma

12/06/2020

Taking the Risk Out of Revenue The convergence of accelerating competitive pressure and increasing government regulatory oversight presents pharmaceutical manufacturers with an unprecedented level of complexity in managing sales and revenue. These challenges are magnified by disjointed revenue life cycle processes and systems that are spread across multiple departments in the organization. As a result, it is common to find poor hand-offs between pricing, contracts, and settlements processes, and gaps in regulatory monitoring that - especially when combined - lead to significant revenue leakage and regulatory compliance exposure. The Model N Revenue Management Suite for Pharmaceuticals introduces a new solution to the current challenges facing leading pharmaceutical manufacturers today. The suite links the currently disparate processes of pricing, contract creation, performance, management, and payment of settlements through a combination of industry best practices and breakthrough software technology. Sharing a common technology platform, the applications in the suite control all the critical processes across the Revenue Management life cycle, from pricing through payment of chargebacks, rebates, and fees, as well as providing integrated regulatory compliance processes and controls. With advanced analytical capabilities, the suite enables users to explore the wealth of data in the system and perform predictive modeling to provide critical business insights.